HIG Europe backs Vértice 360 Servicios Audiovisuales

The firm's parent company, Vértice 360, will hold the remaining 50.01%. A debt repayment of €2m will be made by VSA to Vértice 360 following the completion of the transaction. A further €2m may be paid to Vértice 360 at a later date, subject to the achievement of performance-related targets.

The deal is the first completed by HIG Europe from the GP's Madrid office, which opened earlier this year.

Company
Vértice 360 Servicios Audiovisuales (VSA) is the audiovisual services division of Vértice 360, a Spanish audiovisual group that listed on the Spanish Stock Exchange in 2007. VSA supplies clients with the equipment and teams needed to manage and execute audiovisual production at events, for advertising and for broadcasting.

People
Jaime Bergel is managing director of HIG Europe in Spain.

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